City of Ardmore Regular Meeting Agenda April 6, 2026
Nimbus 2024 Airport Ground Lease Approved
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Description
The Ardmore City Commission approved a ground lease with Nimbus 2024 Limited Liability Company for airport property at 2485 Executive Airport Drive. The lease runs from March 17, 2026, to March 17, 2046, with two optional five-year extensions.
Contract Details
Vendor
NIMBUS 2024 LIMITED LIABILITY COMPANY
Agency
City of Ardmore, TN
Contract Type
FACILITIES
Document Date
April 4, 2026
Contract Term
March 17, 2026 – March 17, 2046, with two optional 5-year extensions
Renewal Date
2046-03-17
Renewal Info
Initial 20-year term with two additional 5-year extension options at the Ardmore Downtown Executive Airport.
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